Georgia Title Bonds
Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Georgia title bond needs.
What Are They?
A Georgia title bond will enable you to obtain a bonded title that will allow you to register, sell, or otherwise dispose of a vehicle you own but don’t have a valid title for. The bond provides a way to compensate someone with evidence of a prior ownership interest in the vehicle or a lien against it and has suffered a financial loss as a result of your actions in claiming the vehicle as your own. Such a claim must be made within the four years that the title bond is in force.
There are a number of documents you’ll need to submit along with the Georgia title bond when applying for a bonded license, including some evidence backing up your claim of ownership, such as a bill of sale, receipt, or canceled check.
Who Needs Them?
You’ll need to purchase a 4-year Georgia title bond if want to be able to register, sell, donate, or otherwise transfer a vehicle for which you don’t have a valid title. You may not have a valid title for the following reasons:
- You did not receive a title when you purchased the vehicle
- You received a title but it was lost or stolen before you could register the vehicle
- You received a title that is flawed, damaged, or altered, making it invalid
With a Georgia title bond, you can apply for a bonded title issued by the Commissioner of Motor Vehicles or your county tag agent. No bonded title will be issued for an abandoned vehicle or a pre-1986 model.
Speak with a Surety Bond Professionals agent today to discuss your bonding needs.
How Do They Work?
The maximum amount that will be paid on a claim is the total required (penal) amount of the bond. That amount is twice the average retail value of the vehicle, but no less than $5,000. Contact the Motor Vehicle Division or your county tax office to find out what your specific required bond amount is.
During the four years that the bond is in effect, you are legally responsible for paying valid claims for financial losses resulting from the vehicle being improperly titled in your name. However, the surety company that issued the bond will pay a claim on your behalf to give you the time to gather the necessary funds, effectively making you a short-term loan that you are obligated to repay.
If no claims have been filed against your Georgia title bond by the end of its four-year duration, you can trade-in your bonded title for a regular title certificate.
What Do They Cost?
Many surety bond companies sell Georgia title bonds below a certain amount for a flat fee, or a flat amount per $1,000 of protection, though larger amounts require underwriting. Other companies charge a premium that is a small percentage of the required bond amount. The premium rate for a given bond applicant depends largely on the individual’s personal credit score. With good credit, that could be as low as 1%.
Get a Quote
Our surety bond professionals will get you the Georgia title bond you need at a competitive rate.